American Tower Settles Class Action Suit
Class Action News
American Tower Corp. said Thursday that it will pay $14 million to settle a consolidated securities class action filed against the company in May 2006 that concerns its historical stock option granting practices and related accounting.
The broadcast and communications tower operator said that under the settlement, claims against the company will dismissed.
American Tower said it will continue to communicate with its insurers about the insurers' contribution to the settlement.
American Tower expects to report an income statement charge for the amount of the settlement, plus certain related legal fees and expenses.
Related listings
-
Judge OKs $57.5M Sprint stock settlement
Class Action News 12/13/2007[##_1L|1288012319.jpg|width="130" height="130" alt=""|_##]A state judge on Wednesday approved a $57.5 million settlement that ends a class-action lawsuit against Sprint Nextel Corp. over how it combined its wireless and wireline stocks three years ag...
-
San Jose weighs limits on class-action claims
Class Action News 12/11/2007[##_1L|1291027780.jpg|width="120" height="138" alt=""|_##]The San Jose City Council today will consider new rules for filing claims that a prominent local lawyer says is an attempt to block class actions. "It's very interesting that this proposal is ...
-
Class Action Filed Against Genesco, Inc.
Class Action News 12/10/2007Law Offices Bernard M. Gross, P.C. announces that a class action lawsuit has been commenced in the United States District Court for the Middle District of Tennessee, 07cv1183, on behalfof purchasers of the common stock of Genesco, Inc.("Genesco" or t...
Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.